$AAPL chart and setup 4/1/2012

looking at 2 levels to trigger new credit put spread entries.. first level is the recent high near 621. the other level is right at the top of the gap near 575..  if continues to pullback to that 575 level and holds/bounces then could look at entering new credit put spreads with short strikes at/below the 50day moving average near 525... if stock moves up to a new high near 621 then would look to enter credit put spreads on that strength using that 575 gap level to shoot against. earnings look to be right after APR opex so i would not put on a May spread yet until after earnings. set your alert and wait for it to come to you

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